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Mar 26, 2013
03/13
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FBC
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stockton has done a lot of itself to try to fix it. one thing they're not doing renegotiating trying to cut a deal with calpers which is the pension fund. as it stands now everybody will have to take a haircut and feel a lot of pain exempt for the pension fund and calpers. i'm not sure that is fair. melissa: stockton's city manager says calpers has first dib on the money they have, because, quote, if word got out that we were pursuing a different retirement plan, i run the risk of a mass exodus of my employees. seriously? i mean that is what he is concerned about? all of employers would leave? you say they're trying to cut costs and cut services. maybe employees leaving would be a big help. >> they still have double-digit unemployment. still going down. and still a good job for somebody. i'm not sure i agree with that. i'm not a city manager. i understand his point. the fear they have i suspect is with vallejo in california went through, we'll cut everything except for pensions because we're scared to death of calpers. san bernardino,
stockton has done a lot of itself to try to fix it. one thing they're not doing renegotiating trying to cut a deal with calpers which is the pension fund. as it stands now everybody will have to take a haircut and feel a lot of pain exempt for the pension fund and calpers. i'm not sure that is fair. melissa: stockton's city manager says calpers has first dib on the money they have, because, quote, if word got out that we were pursuing a different retirement plan, i run the risk of a mass exodus...
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Mar 26, 2013
03/13
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KOFY
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. >> city of stockton fight to go become the largest u.s. city to enter bankruptcy. in federal court in sacramento city officials are arguing that they have no alternative. they base the budget on anticipated developer fees and increasing tax revenue but all of that vanished when the mortgage bubble burst. city creditors counter more could have been done to cut employee pension. civil bankruptcy trial expected to last 4 days. >> while the supreme court takes on the historic same sex marriage battle beginning tomorrow the court also decided today to review another case that may affect california proposition 209, anti-affirmative action law. lee ann has that story. >> in 1996 california voters approved proposition 209 which banned affirmative action meaning race couldn't be taken into effect in public education, employment and contracting. 10 years later michigan voters did the same. but two years ago the sixth circuit court of appeals declared the ban unconstitutional now the supreme court has been asked to weigh in which is why the civil rights leaders gather at uc b
. >> city of stockton fight to go become the largest u.s. city to enter bankruptcy. in federal court in sacramento city officials are arguing that they have no alternative. they base the budget on anticipated developer fees and increasing tax revenue but all of that vanished when the mortgage bubble burst. city creditors counter more could have been done to cut employee pension. civil bankruptcy trial expected to last 4 days. >> while the supreme court takes on the historic same sex...
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Mar 25, 2013
03/13
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KPIX
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stockton in the national spotlight. how the northern california city is about to make financial history today. >>> and the new study in the age of cell phones. the american teenager's love affair with the car may be coming to an end. hazelnut macchiato please. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [ male announcer ] the new hazelnut macchiato from starbucks. crafted by hand & heart. >>> developing news here in palo alto, northbound caltrain and southbound caltrain delayed because of a fatal accident that happened this morning in mountain view. train northbound 211 did strike and kill a male pedestrian. we have that confirmed with caltrain. now, this intersection was blocked for a while. it looks as if the traffic is beginning to move through but the caltrain service is very much delayed. stay with ktvu. we'll let you know more about the developing news in this situation. >>> a powerful snowstorm is moving toward the east coast this morning. this is what it looked like in kansas and missouri, where up to 9 inches of snow fell
stockton in the national spotlight. how the northern california city is about to make financial history today. >>> and the new study in the age of cell phones. the american teenager's love affair with the car may be coming to an end. hazelnut macchiato please. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [ male announcer ] the new hazelnut macchiato from starbucks. crafted by hand & heart. >>> developing news here in palo alto, northbound caltrain and southbound caltrain delayed...
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Mar 25, 2013
03/13
by
KTVU
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stockton in the national spotlight. how the northern california city is about to make financial history today. >>> and the new study in the age of cell phones. the american teenager's love affair with the car may be coming to an end. please. ♪ ♪ ♪ ♪ [ male announcer ] the new hazelnut macchiato from starbucks. crafted by hand & heart. >>> developing news here in palo alto, northbound caltrain and southbound caltrain delayed because of a fatal accident that happened this morning in mountain view. train northbound 211 did strike and kill a male pedestrian. we have that confirmed with caltrain. now, this intersection was blocked for a while. it looks as if the traffic is beginning to move through but the caltrain service is very much delayed. stay with ktvu. we'll let you know more about the developing news in this situation. >>> a powerful snowstorm is moving toward the east coast this morning. this is what it looked like in kansas and missouri, where up to 9 inches of snow fell over the weekend. in parts of denve
stockton in the national spotlight. how the northern california city is about to make financial history today. >>> and the new study in the age of cell phones. the american teenager's love affair with the car may be coming to an end. please. ♪ ♪ ♪ ♪ [ male announcer ] the new hazelnut macchiato from starbucks. crafted by hand & heart. >>> developing news here in palo alto, northbound caltrain and southbound caltrain delayed because of a fatal accident that happened...
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Mar 25, 2013
03/13
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FOXNEWSW
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how is that possible, little stockton? if you look at the map in california everybody was moving out in san francisco, properties were too high there, same with palo at torques silicon valley, they moved to stockton. what could happen in detroit unless they start cutting more. if detroit has to file for chapter 9 bankruptcy municipal that would make headlines around the world and kind prus would be booted off the front page. >> that's what they are trying to do and -- >> the mayor and the city council loose all the authority they shr-fplt they've been trying and they can't do that. they can't negotiate contracts because a lot of them are involved in a roundabout way with the contracts originally put forth. he'll come in and say listen you're going to cut the spending right here or we are going bankrupt. he's come out and said i've been through bankruptcy before i'm okay going through it again in detroit. >> reverend jesse jackson calling for massive demonstrations gains him today. we'll see what happens. bill: new developm
how is that possible, little stockton? if you look at the map in california everybody was moving out in san francisco, properties were too high there, same with palo at torques silicon valley, they moved to stockton. what could happen in detroit unless they start cutting more. if detroit has to file for chapter 9 bankruptcy municipal that would make headlines around the world and kind prus would be booted off the front page. >> that's what they are trying to do and -- >> the mayor...
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Mar 25, 2013
03/13
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KRON
tv
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creditors who lent stockton money are challenging its chapter 9 bankruptcy petition, but most observers say the city of 300,000 will be successful. its largest creditors are bond insurers who helped the city refinance pension debt. >> we are seeing changes with the wind coming off the ocean and increase with clouds.hall signs of changes. even wet weather. temperatures are cooling to 50 degrees in san francisco fairfield, brentwood. low clouds coming off the ocean. tomorrow you will see gray skies but as we go for the afternoon some high clouds with clouds and gusting winds will be expected. and on the in income if chance for rainfall. new york's coney island is now open for business. today senator chuck schumer the start of the park's season. coney island opens the week before easter every year. but this year a lot of work had to be done to the electrical system that was damaged during superstorm sandy. officials say that today's celebrations serve as a reminder to renew their focus on recovering from the devastating storm. police in georgia say an anonymous tip helped them death of a 1
creditors who lent stockton money are challenging its chapter 9 bankruptcy petition, but most observers say the city of 300,000 will be successful. its largest creditors are bond insurers who helped the city refinance pension debt. >> we are seeing changes with the wind coming off the ocean and increase with clouds.hall signs of changes. even wet weather. temperatures are cooling to 50 degrees in san francisco fairfield, brentwood. low clouds coming off the ocean. tomorrow you will see...
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Mar 25, 2013
03/13
by
FOXNEWSW
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brown's tax increases there, which will have a huge impact on the prosperity of california, we've seen stockton now on the verge of bankruptcy, if not there. these problems -- they all will start the very tryingers charlie is talking about, and it could go here. i don't think it will for a while but it will. >> the chinese have to have place to put their money. they'd rather put their money in a u.s. treasury bond. but something is going to change. there's going to be a point where maybe the germans' currency is the place to go. our deficits are so high. >> neil: you're assuming the euro goes away. >> who knows by the way. i it only takes one, when the south seceded from the north -- >> neil: get out of this club. no one gets higher ratings from young viewers or makes us a much buck -- i'm talking how it is that jay leno's boss wants him out. a lesson on corporate snakes that is all too well known. >> you know the hollen general of st. patrick, right? drove all the snakes out of ireland and then they came into the united states and became nbc executives. it's a fascinating story. we went out an
brown's tax increases there, which will have a huge impact on the prosperity of california, we've seen stockton now on the verge of bankruptcy, if not there. these problems -- they all will start the very tryingers charlie is talking about, and it could go here. i don't think it will for a while but it will. >> the chinese have to have place to put their money. they'd rather put their money in a u.s. treasury bond. but something is going to change. there's going to be a point where maybe...
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Mar 24, 2013
03/13
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KTVU
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in 90 minutes a rally will be held at the post office on stockton street in san francisco. it will be one of many rallies held across the country. today's day of action is being held to try to save the six-day service now in place. in december the postal service announced it would stop saturday service by late summer. postal workers say that is not a good idea because they say people depend on their mail and say eliminating a day of delivery will hit small communities and businesses the hardest. >>> the home improvement chain lowe's is accused of discrimination in san francisco. lowe's opened a shore on bayshore boulevard in 2010 but the chronicle is reporting that six current and former employees have filed a lawsuit. they say lee's hired minority employees to comply with a agreement that allowed that store to be built. however, they say the management fired those employees once the store opened. lowe's declined to comment but has insisted that it is in full compliance with city regulations. >>> the city of san jose is expected to approve adds 7 million incentive for samsu
in 90 minutes a rally will be held at the post office on stockton street in san francisco. it will be one of many rallies held across the country. today's day of action is being held to try to save the six-day service now in place. in december the postal service announced it would stop saturday service by late summer. postal workers say that is not a good idea because they say people depend on their mail and say eliminating a day of delivery will hit small communities and businesses the...
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Mar 26, 2013
03/13
by
FOXNEWSW
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county administrators and officials of every type, steve was talking about all the different counties, stockton is in the same vote, they sit there and voted themselves tremendous pensions or whether it is health care allowances for the rest of their lives, and no one was too sort of stop it, but when you set politics aside it is about the math. there is actually at the end of the day no way to pay this over time. >> melissa, the good news about this story, if there is any silver lining there, you're exactly right. the only way you stop this is with taxpayers. you know what? bill, there are several instances where taxpayers have voted on the ballot to put a clamp on these out of control pensions. so there is some movement in the right direction with people saying look, we want money to go for schools, not pensions. bill: is there anything in california that addresses perhaps renegotiating these contracts. >> bankruptcy. that is what keeps happening again and again. >> that's right. >> only way to deal with this and break these contracts is eventually to go into bankruptcy when the county can't
county administrators and officials of every type, steve was talking about all the different counties, stockton is in the same vote, they sit there and voted themselves tremendous pensions or whether it is health care allowances for the rest of their lives, and no one was too sort of stop it, but when you set politics aside it is about the math. there is actually at the end of the day no way to pay this over time. >> melissa, the good news about this story, if there is any silver lining...